News

AVID acquires Villa World, secures position amongst top 10 Australian land developers

November 1, 2019 | IN Media Release and News | BY Holly Brennan | 2 min read

The $410 million acquisition – effective today – will see AVID’s portfolio increase from 10 to 37 projects and more than 12,000 residential lots, securing a gross revenue pipeline of $4.7 billion.

AVID CEO Cameron Holt – who remains at the helm of the new combined business – said today was a significant day, both in terms of its day-to-day operations and for the company’s future outlook.

“Today marks a significant milestone for both AVID and Villa World – as we come together as one business, substantially increasing our market share and broadening the range of house and land offers for future home buyers,” Mr Holt said.

“The success of this acquisition firmly positions the company up there as a key national residential property contributor.”
Mr Holt said a new executive team, announced today, combines leaders from both AVID and Villa World.

“All of our leaders share a deep passion for their teams, their customers and for driving quality and innovation, which will support this exciting growth phase,” Mr Holt said.

“Our joint expertise will shape the company’s ambitious growth strategy, including our focus on expanding our residential portfolio and geographic footprint across Australia’s eastern seaboard.

“Right now, it’s ‘business as usual’ for all teams as we come together – the only difference being that we’ll be larger, stronger and provide a greater offering to our customers.”

AVID and Villa World will continue to operate under both brands.

Villa World ceased trading on the ASX on Wednesday 16 October 2019 following a majority shareholder vote in favour of the acquisition on Friday 11 October 2019. Villa World is now a division of AVID Property Group Holdings.

For more information, visit www.avid.com.au or www.villlaworld.com.au.

Recommended for you

March 25, 2024

Family ties: Multi-generational living with a twist reigns in Chisholm community

January 10, 2024

Diversity path positions AVID for better business performance and growth

December 20, 2023

Construction industry tees off and raises $110K for mental health and homeless youth

December 15, 2023

Popular Gold Coast community “Amara” celebrates 1st birthday and 30 per cent complete milestone

December 14, 2023

SYMPHONY WAY NOW OPEN NEW ROAD SIGNALS NEXT CHAPTER FOR HARMONY

December 12, 2023

Locals flock to merriest neighbourhood in Chisholm for annual Christmas event

December 8, 2023

‘Blue spaces’ drive land demand in Chisholm

December 8, 2023

Open for Christmas: Residents celebrate $1.3 million park with merry event

December 6, 2023

School kids test $1.3 million community park in Diggers Rest

November 29, 2023

Work kicks off on Harmony’s second grand linear park

Brentwood Forest

Located just 5 km from Springfield Central with shopping centres, health and recreation hubs, schools, childcare facilities and public transport at your doorstep. Brentwood Forest is nestled in its own wooded enclave that rises above the surrounding valleys, a family-oriented address which offers a sense of tranquillity, space and seclusion. With playgrounds and leafy parks, quiet streets and easy access to schools, shops, sports facilities and everyday services, Brentwood Forest offers a sense of escape from the hassles of suburban life, while still remaining close to all that matters.

Designed by the experts

Peace of mind

Everything done for you

Complete finance solution

Your home is where our heart is